Foundation NFT Marketplace Announces Shutdown After Failed Sale
- Reason for Closure: The Foundation NFT marketplace announced its immediate shutdown due to a failed acquisition deal, which fell through despite a preliminary agreement in Q2 2025; this failure was attributed to changing regulatory landscapes and increased competition, highlighting the fragility of the NFT ecosystem.
- User Asset Protection: Operating on a non-custodial model, Foundation ensured that user assets remained securely stored on-chain, allowing users to maintain direct control over their NFTs through personal cryptocurrency wallets and private keys, thus mitigating the risk of asset loss during the platform's transition.
- Impact on Creators: The shutdown directly affects digital artists who relied on Foundation as their primary sales channel, forcing many creators to seek alternative marketplaces or develop independent sales channels to sustain their revenue streams, presenting significant transition challenges.
- Market Consolidation Trend: The closure of Foundation reflects broader consolidation trends within the NFT market, with industry observers noting that only platforms with diversified revenue streams and strong community engagement will survive in the current landscape, underscoring the importance of sustainable business models.
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Technical Analysis for BLUR
Technical Sentiment Analysis for Blur (BLUR). As of , Blur (BLUR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BLUR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BLUR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Blur (BLUR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00208 | 0.00897 | 0.0177 | 0.0287 | 0.0374 | 0.0484 | 0.0571 |
| Fibonacci | 0.00897 | 0.0165 | 0.0212 | 0.0287 | 0.0362 | 0.0409 | 0.0484 |
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